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What is the cost of part mo inventory at may

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Question - Cullumber Corp. had 1,640 units of part M.O. on hand May 1, 2017, costing $24 each. Purchased of part M.O. during May were as follows.

 

Units

Units Cost

May 9

2,140

$25

May 17

3,640

26

May 26

1,140

27

A physical count on May 31, 2017, shows 2,140 units of part M.O. on hand. Using the FIFO method, what is the cost of part M.O. inventory at May 31, 2017? Using the LIFO method, what is the inventory cost? Using the average-cost method, what is the inventory cost?

Reference no: EM132161833

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